104. Avoidance of tax through transactions with non-residents.-

CHAPTER XI
SPECIAL PROVISIONS RELATING TO AVOIDANCE OF TAX

104.  Avoidance  of  tax  through  transactions  with  non-residents.- 

Where  any business is carried on between a resident and a non-resident and it appears to the  Deputy  Commissioner  of  Taxes  that,  owing  to  the  close  connection between  them,  the  course  of  business  is  so  arranged  that  the  business transacted between them produces to the resident either no profits or profits less  than  the  ordinary  profits  which  might  be  expected  to  yield  in  that business, the Deputy Commissioner of Taxes shall determine the amount of income which may reasonably be considered to have accrued to the resident from  such  business  and  include  such  amount  in  the  total  income  of  the resident.

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